Within finPOWER Connect the Securities Register is the central point to record details of any and all security interests you have.
It adds key functionality to record collateral information to an Account and/or Clients. Whether the collateral is Land and Buildings, Motor Vehicles, Insurance Policies, Aircraft, Boats, Investments or general goods the Security Register module will capture all the relevant information relating to it.
The Security Register Add-On is pre-configured for the relevant legislation pertaining to Personal Property Security.
The introduction of the PPS Act and associated PPS Register in October 2011 saw the Securities Register Add-On modified to allow you to manually capture the key PPSR information such as the Registration Number and Change number.
To enter Registration details, you can either manually enter them via the PPSR Web interface or use the finPOWER Connect PPSR Add-On. This Add-On electronically registers the Security in the PPSR and returns the relevant registration details. Ongoing management of the registrations, such as Amendments and Discharges, is as simple as clicking a button
The PPSR interface offers two key benefits, namely Speed and Accuracy.
As the PPSR is entirely electronic, information that has already been entered into finPOWER Connect is electronically transmitted to the PPS Register via the Internet and XML technologies. Therefore no additional keying of information is required. Also, because there is no additional manual data entry the possibility of errors during data entry is minimised.